The Foundation grants a new loan to Caurie in Senegal

© Philippe Lissac

In July, the Grameen Crédit Agricole Foundation granted a new loan to the microfinance institution Caurie in Senegal, for an amount equivalent to €1.2 million in local currency. This new loan further strengthens a partnership between the Foundation and Caurie that began in 2009.

The Autonomous Cooperative for the Strengthening of Economic Initiatives through Microfinance (CAURIE-MF) was created in 2005 by Relief Services (CRS) and CARITAS Senegal. CAURIE-MF operates in over 60,000 rural areas and across 13 administrative regions of Senegal. To date, the institution has over 80,000 clients, including 97,000 women and 61,000 clients in rural areas.

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Created in 2008, under the joint leadership of Crédit Agricole SA's management and Professor Yunus, 2006 Nobel Peace Prize winner and founder of Grameen Bank, the Grameen Crédit Agricole Foundation is a multi-sector operator that contributes to the fight against poverty through financial inclusion and social impact entrepreneurship. As an investor, lender, technical assistance coordinator, and fund advisor, the Foundation supports microfinance institutions and social enterprises in 40 countries.